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The Latest Breaking News from Wayne Byres

Losing interest rate floor has led to 'bad outcomes' for many Australians, says former senior bank regulator

The scrapping of the interest rate floor five years ago has led to "bad outcomes" for many Australians who secured ultra-cheap home loans during the pandemic and are now facing a fall over the mortgage cliff, says a former head of credit risk at the nation's financial regulator.

APRA chair Wayne Byres says falling house prices are 'no bad thing'

APRA chair Wayne Byres says falling house prices are 'no bad thing'

The outgoing boss of Australia's banking regulator denies responsibility for the latest housing boom and bust, while adding that the price falls may be good for the nation.

APRA warned Albanese government about 'heightened' housing risks as interest rates rise

APRA warned Albanese government about 'heightened' housing risks as interest rates rise

The banking regulator warned the incoming Albanese government that it would face "heightened" risks in the housing market as interest rates rise, documents released under freedom of information show.

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APRA boss Wayne Byres to leave bank regulator before term expires

The head of Australia's bank regulator will end his term almost two years early, announcing he will step down from his role at the end of October.

Banking watchdog APRA chair to step down

Wayne Byres has advised the governor-general he will step down as APRA chair at the end of October after being with the regulator since its creation in 1998.

Banking watchdog chair to step down

Wayne Byres has advised the governor-general he will step down as APRA chair at the end of October after being with the regulator since its creation in 1998.

No place for poorly performing funds: APRA

APRA chair Wayne Byres says inquiries into Australia's superannuation industry have set it on a new course with no place for underperforming funds.

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Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

The puff of dust just visible is the last sign of a trillion-dollar horse long bolted, the gate held ajar by dopey politicians and regulators – or worse.

First homebuyers will likely be hit hardest by Australia’s interest rate rises

First homebuyers will likely be hit hardest by Australia’s interest rate rises

Analysts warn economic consequences of RBA’s ‘blunt instrument’ attempt to limit inflation will fall disproportionately on outer suburbs

The Guardian - AU

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Banks crack down on high debt-to-income home loans as regulator APRA comes knocking

Two of Australia's biggest banks are moving to curb high-risk home lending, as the regulator reveals it has been warning some institutions to cut back on risky loans.

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default.

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